Consumer Price Developments in October 2018

Consumer Price Developments in October 2018

MAS Core Inflation edged up to 1.9% on a year-on-year (y-o-y) basis in October from 1.8% in September, as a larger increase in the cost of electricity & gas1 more than offset lower food and retail inflation. Despite higher core inflation, CPI-All Items inflation remained at 0.7% y-o-y in October, due to a steeper decline in private road transport costs.